NUVO and So-Called "Analysts"

i haven't blogged in a bit but this deserves a special blog. monday NUVO crashed 80% on failed FDA test results of its new drug (and there are good fixes for the failure but that's another story). Bayer has been partnering with this outfit.

IMMEDIATELY wall street's so-called "analysts" pounced and they've been at it all day today too. it's absolute proof you can't trust what these jackasses say. they now have a target price of only $3 but it's been holding $4-4.49 all stinking day in spite of 'em. fools. absolute fools. traders are getting 'way more savvy than they used to be and they've learned not to trust these wall street clowns who get paid to bash. disclosure before i forget: yeah i'm in this stock.

there's word on the wires of a merger or buyout. could be Bayer even tho they said they're backing out of collaboration by early 2007. could be anybody. but SOMEBODY had paid these wall street bashers to do a number on NUVO. here's the bit that any six-year-old could figure out: BEFORE the new drug pr's started coming out, Nuvelo Pharmaceuticals (NUVO nasdaq) was trading at abt $7.50-8.00 . so it makes sense that even if the drug is totally wiped out (which it ain't) the new target should be abt $7.50, right? but the jackass "experts" have downgraded target to $3 ??? these people get paid to do this stuff- NEVER TRUST THEM!!!!!! i'm not saying buy this stock- it takes 'way more guts than most players have- and for good reason. i'm just saying never trust the so-called "experts".